# Arteria AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arteria-ai

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.arteria.ai
- Total disclosed funding: $52M
- Latest round: Series B (Sep 1, 2023)
- Investors on record: 7

## About

Based in Toronto, Canada, Arteria AI Inc. specializes in leveraging advanced Natural Language Processing technologies to automate and enhance contract management and document processing for clients across various sectors.Arteria AI Inc. was founded in 2020 by Abrar Huq and Shelby Austin, who has a history of founding innovative technology companies. The company operates out of Toronto, Canada, and has undertaken three significant deals, with the latest being a Series B funding round completed on September 1, 2023. This funding round raised CAD 46 million and was led by Granite Asia, with participation from BDC Capital, Citi Ventures, Golden Ventures, Illuminate Financial, Information Venture Partners, and StandUp Ventures. The total amount raised by the company to date stands at CAD 46 million.Arteria AI specializes in transforming contracts and documents into structured, searchable data using advanced Natural Language Processing (NLP) technologies. The company provides a comprehensive suite of tools for automating contract drafts and digitizing documents, which includes extensive template and clause libraries. This automation speeds up contract negotiations through predefined negotiation playbooks and streamlines execution workflows using various wet ink and e-signature options, catering particularly to major financial institutions in North America, Europe, and Asia.Arteria AI employs a subscription-based revenue model, allowing clients to access its document automation and management services. The company’s offerings include automated contract generation, data ingestion from existing documents, and collaborative workflow facilitation. Clients subscribe to different service tiers tailored to their organizational needs, ensuring seamless integration into existing systems and providing full visibility over their documentation portfolios.In September 2023, Arteria AI raised CAD 46 million in Series B funding, led by new investor GGV Capital. The funding will support the company's ongoing product innovation and marketing strategies. Arteria AI plans to expand its product lines and enhance its capabilities while targeting growth in new geographic markets to further enhance its service offerings.

## Funding rounds

- Series B, Sep 1, 2023, $34M — BDC Capital, Granite Asia, Golden Ventures, Citi Ventures, Information Venture Partners, Illuminate Financial, StandUp Ventures
- Series A, Jun 1, 2022, $7.1M — BDC Capital, Citi Ventures
- Series A, Mar 22, 2021, $11M — Golden Ventures, Information Venture Partners, Illuminate Financial, StandUp Ventures

## Investors

- Golden Ventures (https://capitalatlas.ai/funds/golden-ventures) — Series A, Series B
- Information Venture Partners (https://capitalatlas.ai/funds/information-venture-partners) — Series A, Series B
- Illuminate Financial (https://capitalatlas.ai/funds/illuminate-financial) — Series A, Series B
- StandUp Ventures (https://capitalatlas.ai/funds/standup-ventures) — Series A, Series B
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series A, Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B